Banking Sector

Union Bank of India Managing Director & CEO A Manimekhalai said the bank's comprehensive range of products and services are crafted to support dealers at every stage of their business journey Maruti Suzuki India on Tuesday said it has inked an initial pact with Union Bank of India for dealer financing solutions. The tie-up enhances the comprehensive inventory funding options for over 4,000 Maruti Suzuki sales outlets across the country, the auto major said in a statement. MSI (Maruti Suzuki India) Senior Executive Officer (Marketing & Sales) Shashank Srivastava said the automaker takes great care in nurturing its dealer network. "We proactively align our efforts in meeting the evolving demands of customers and the market, " he added. The company...

Exim bank. Photo: Company website Export lender India Exim Bank is looking to raise up to $1 billion in this financial year (FY24) for commercial lending and country credit lines. It follows the $1 billion raised by State Bank of India in January and HDFC Bank’s $750 million offerings earlier this month. “The liquidity is comfortable in the international market and the conditions are better for Indian entities than a few months ago in terms of raising resources,” Harsha Bangari, managing director of India Exim Bank, told Business Standard. The government-owned export credit institution raised $1.5 billion till December 2023 through various instruments. It includes $750 million raised in the third quarter of the current financial year using the External ...

Tag: Banking sector

Breaking News: Maruti Suzuki, Union Bank of India partner for dealer financing solutions | Company News – Business Standard

Breaking News: India EXIM Bank eyes additional $750 mn to $1 bn fund raise in FY24 | Company News – Business Standard